subject: 3 Credit Reports and 3 Scores - Consumers Online Credit Reports and Rating [print this page] 3 Credit Reports and 3 Scores - Consumers Online Credit Reports and Rating
It is important for consumers to be aware of their credit score as reported by the 3 major bureaus: TransUnion, Experian and Equifax.
The reason for this is that financial institutions, employers and landlords will likely use these 3 reporting agencies to get a clear picture of the risk level you represent to them.
Aurora Lillo Editor of the "Credit Report And Scores" website -- http://www.CreditReportAndScores.biz -- pointed out;
"...If you know what your financial report says, you can work to repair any damage and return yourself to a healthy fiscal standing. In addition, since different creditors report to different agencies it is possible that all three of the reports you peruse will contain slightly different information. Some of this information may contain mistakes that paint you in a negative light. If you know that these mistakes are on your report you can contact the agencies directly and request that they correct their information. However, if you never check the information that is on file, you may be barred from opportunities that require credit checks, without rightful cause..."
Repair Damages
If you have a history of making late payments to creditors or if you have gone through a rough financial patch in which you ignored your financial obligations entirely, your credit reports are likely to reflect it. TransUnion, Experian and Equifax are the 3 major reporting bureaus to which your prospective lenders and employers with go for information on your fiscal responsibility levels. Checking all 3 of these reports in a single location is a good idea because all of the reports may differ slightly. When you can view them all in one sitting, you can compare your scores and information against one another in order to get a clear picture of how you might look in the eyes of interested parties. If there are some serious blights on your credit reports, you can begin the work of repairing the damages done, whether that be through debt consolidation or other debt-repair solutions.
Correct Mistakes
"...While TransUnion, Experian and Equifax are all highly respected bureaus that are known for providing accurate fiscal information, they do make mistakes from time to time. Perhaps one of your lenders forgot to report that you closed an account in good standing. This may show up as a negative mark on one of your credit reports, affecting your score in a negative manner. If you check your reports and discover errors such as this, you can contact the bureau that possesses erroneous information and ask them to correct their report..." added A. Lillo.
Further information about how to get a detailed credit report including scores and as often as you want by visiting; http://www.CreditReportAndScores.biz
welcome to Insurances.net (https://www.insurances.net)
